ISHARES SILVER TRUST (SLV) Stock Technical Analysis
NYSEARCA:SLV - NYSE Arca - US46428Q1094 - ETF - Currency: USD
Overall SLV gets a technical rating of 7 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, SLV is showing a nice and steady performance.
The long and short term trends are both positive. This is looking good!
SLV is currently trading in the upper part of its 52 week range. The market is still in the middle of its 52 week range, so SLV slightly outperforms the market at the moment.
SLV has an average volume of 22893000 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Looking at the yearly performance, SLV did better than 88% of all other stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
In the last month SLV has a been trading in the 26.57 - 31.41 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
SLV has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 30.64. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 29.77, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
26.07
32.06
3 important support areas can be observed.
- A support zone ranging from 29.23 to 29.77. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 27.31 to 27.39. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 26.33 to 26.76. This zone is formed by a combination of multiple trend lines in multiple time frames.
2 important resistance areas can be observed.
- A resistance zone ranging from 30.64 to 31.00. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- A resistance zone ranging from 31.74 to 31.74. This zone is formed by a combination of multiple trend lines in the daily time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS88.27
Mansfield1.01
10 Day High30.62
10 Day Low28.68
20 Day High31.41
20 Day Low26.57
52 Week High31.8
52 Week Low23.87
Performance
1 Week1.69%
2 Weeks6.26%
1 Month-4.05%
3 Month7.67%
6 Month-1.89%
12 Month20.73%
2 Year30.65%
3 Year42.82%
5 Year114.95%
10 Year94.75%
15 Year64.57%
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Technical Indicators
MACD(12,26,9)0.17
RSI(14)54.17
LBB27.03
UBB31.31
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 31.01 | 29.22 | 1.79 (5.77%) | 17.32% |
| An entry @31.01. This is a Buy Stop order right above the resistance zone. | An exit @29.22. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 1.79 points, which is 5.77%. | When investing 17.32% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
30.05
-0.51 (-1.67%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-1.67%
1 Week1.69%
2 Weeks6.26%
1 Month-4.05%
3 Month7.67%
6 Month-1.89%
12 Month20.73%
2 Year30.65%
3 Year42.82%
5 Year114.95%
10 Year94.75%
15 Year64.57%
Volatility
ATR(14)0.72
ATR(20)%2.7%
ATR Inc-33.93%
Range Today0.31
ADR(20)0.61
ADR(20)%2.04%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS88.27
Mansfield1.01
10 Day High30.62
10 Day Low28.68
20 Day High31.41
20 Day Low26.57
52 Week High31.8
52 Week Low23.87
CS1 End29.77
CR1 Start30.64
Volume & EV
DER(3)-0.24%
DER(5)-2.96%
Volume19.33M
Volume Incr-19.32%
Vol(5)22.25M
Vol(50)22.89M